Board hereby approved the appointment of Anuradha Acharya & Co., Company Secretary firm, as the Secretarial Auditor of the Company from FY 2025-26 to 2029-30.
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Awaiting price reaction for this filing.
Alphalogic Industries' board, at its 30 August 2025 meeting, approved several key items. These include issuing up to 18 lakh fully convertible warrants at Rs 28 per share (aggregating Rs 5.04 crore) on a preferential basis to promoter entity Alphalogic Techsys Ltd (11.7 lakh warrants), promoter group member Neha Anshu Goel (3 lakh), and non-promoter Vivaro Enterprises Ltd (3.3 lakh). Mr. Vedant Goel will step down as Managing Director effective 30 September 2025 and continue as a Non-Executive Non-Independent Director, with existing Executive Director Mr. Montubhai Gandhi being elevated to Managing Director from 1 October 2025. M/s Anuradha Acharya & Co. was appointed as Secretarial Auditor for five years (FY 2025-26 to FY 2029-30). Internal Auditor Mr. Anand Acharya resigned citing professional preoccupation, and Mr. Ritesh Agrawal was appointed in his place.
The preferential warrants, largely to the promoter group, signal insider commitment but will dilute minority shareholders if converted; the Rs 28 issue price (Rs 18 premium over Rs 10 face value) is the SEBI-prescribed minimum. The Managing Director transition between existing directors indicates leadership continuity rather than disruption and is unlikely to materially affect stock price.